Paul Hastings Advises Platinum Equitys Acument in Sale of Avdel and GEC
Los Angeles, CA (August 10, 2010) - Paul, Hastings, Janofsky & Walker, a leading global law firm, announced today that the firm advised Acument Global Technologies, a Platinum Equity-owned manufacturer of mechanical fastening products and services for the transportation industry, in the sale of its Avdel and Global Electronics & Commercial (GEC) business units to funds advised by CVC Asia Pacific and Standard Chartered Private Equity Limited.
The complex, multinational transaction closed on August 3, 2010. The terms of the transaction were not disclosed. Corporate partner Robert Miller led the Paul Hastings team, which included associates Meagan Galloway-Scimone, Nasym Korloo, Sign Kadouh, and Lisa Tran.
About Acument Global Technologies, Inc.: Acument Global Technologies, Inc. is among the world's leading providers of mechanical fastening products and services for the transportation market, including engineered fastening systems, inventory management services, and application engineering support.
About Platinum Equity: Platinum Equity is a global M&A&O® firm specializing in the merger, acquisition and operation of companies that provide services and solutions to customers in a broad range of business markets, including information technology, telecommunications, logistics, metals services, manufacturing and distribution. Platinum Equity acquired Acument in 2006 to develop and implement a restructuring of the Acument's global operations.
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